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MercoPress, en Español

Montevideo, May 21st 2025 - 10:36 UTC

Energy & Oil

  • Thursday, April 25th 2024 - 13:31 UTC

    Bolivia: Former YLB executive found dead left letter denying allegations

    “I am innocent,” wrote the former lithium executive who pointed fingers at the current administration for its underachievements in the area

    Former Yacimientos de Litio Bolivianos (YLB) Executive Manager Juan Carlos Montenegro Bravo was found dead Wednesday. He left a letter explaining that he would make a painful decision because he could not stand to be “humiliated by a rigged justice.”

  • Tuesday, April 23rd 2024 - 06:32 UTC

    Namibia en route to becoming another Guyana oil discovery success story

    The Mopane field in offshore Namibia could contain some 10 billion barrels of oil.

    Portugal's oil company Galp Energia shares skyrocketed on Monday after the company announced that the first phase of its exploration in the Mopane field in offshore Namibia could contain some 10 billion barrels of oil.

  • Saturday, April 20th 2024 - 10:30 UTC

    Energy crisis prompts new emergency declaration in Ecuador

    The new power crisis came just ahead of Sunday's key referendum for Noboa's government

    Ecuador's President Daniel Noboa Friday issued a decree establishing yet another state of emergency due to a “serious internal commotion and public calamity” in the violence-torn South American country which is going through an energy crisis in addition to drug-trafficking gang crimes. Power cuts last up to about eight hours a day amid tight “rationing of electricity.”

  • Wednesday, April 17th 2024 - 10:18 UTC

    Brazil: Búzios deepwater field produces 1 billion barrels of oil in March

    Despite its size, Búzios trails the smaller but older Tupi field in volume output

    The Búzios Field in the Santos Basin, the largest ultra-deepwater facility of that kind worldwide, produced 1 billion barrels of oil in March, the state-owned company Petrobras announced this week, Agencia Brasil reported. Petrobras operates the field in a consortium with Pré-Sal Petróleo (PPSA) and the Chinese companies CNOOC and CNODC.

  • Monday, April 15th 2024 - 23:59 UTC

    Brazil and Argentina have much in common despite opposing presidents

    Argentina's relations with Brazil are a state policy, Mondino said at a press conference alongside Vieira

    Foreign Ministers Mauro Vieira of Brazil and Diana Mondino of Argentina met in Brasilia on Monday for talks aimed at bringing South America's two largest countries closer together, despite the opposing views of presidents Luiz Inácio Lula da Silva and Javier Milei, especially on each other.

  • Thursday, April 11th 2024 - 19:44 UTC

    Rotating supply cuts launched as Bogotá's water reservoirs are running dry

    The situation is worse than expected after rainfalls forecasted for late March never arrived and are still awaited

    Authorities in the capital of Colombia began rationing water on Thursday as local reservoirs were reported to be nearing alarming levels due to the El Niño phenomenon coupled with the aftermaths of global warming. It has not been ruled out that the severe drought might result as well in an energy crisis hitting some 10 million people who live in Bogotá and the surrounding areas.

  • Wednesday, April 10th 2024 - 19:51 UTC

    Petrobras finds oil not far from Amazon River mouth

    Petrobras' deep sea explorations have drawn heavy criticism from environmentalist groups

    Brazil's state-owned oil company Petrobras said Wednesday it had discovered a new reservoir in the ultra-deep waters of the Potiguar Basin, in the Anhangá exploratory well, located between the states of Amapá and Rio Grande do Norte.

  • Tuesday, April 9th 2024 - 22:00 UTC

    Disgraced former Venezuelan Oil Minister placed under arrest

    El Aissami's career took off when he was mentored by former President Hugo Chávez's brother Adán

    Venezuelan authorities Tuesday arrested former Oil Minister Tareck El Aissami in a corruption probe after about one year at large following his resignation. When making the announcement, Attorney General Tarek William Saab said the former official intended to dent the country's economy.

  • Monday, April 1st 2024 - 18:44 UTC

    Google to lay submarine cable between Chile and Australia

    The Humboldt cable will join other infrastructure projects, Google Cloud's Quigley said

    Tech giants Google plan to link Chile with Australia and French Polynesia through the Humboldt cable, which would become first direct submarine link between South America and Oceania, thus expanding the digital infrastructure of the South Pacific.

  • Thursday, March 21st 2024 - 22:32 UTC

    Bolivia ready to launch biodiesel plant

    This plant will produce ecological diesel and will have established a certain mixture with fossil diesel for its commercialization,” said Arce

    Bolivian President Luis Arce Catacora announced that his country's first biodiesel production plant will start operating next week in Santa Cruz de la Sierra. Although some experts have doubted the project's worth, the Government said that the new undertaking would generate up to US$ 100 million in savings on fossil fuel imports. Supreme Decree 5135 authorizes the addition of up to 25% of vegetable components to conventional fuels.